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Alan Greenspan Quotes about Gold

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Deficit spending is simply a scheme for the confiscation of wealth.

Deficit spending is simply a scheme for the confiscation of wealth.

Alan Greenspan
Money, Gold, Wealth
"Gold and Economic Freedom" by Alan Greenspan, www.constitution.org. 1966.

Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.

Alan Greenspan
Money, Rights, Gold
Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen (1986). “Capitalism: The Unknown Ideal”, p.94, Penguin

Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.

Alan Greenspan
Gold, Dollars, Remember

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

Alan Greenspan
Safety, Gold, Saving
Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen (1986). “Capitalism: The Unknown Ideal”, p.94, Penguin

Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.

Alan Greenspan
Gold, World, Accepted
"Gold is again proving its value in a risky world" by George Trefgarne, www.telegraph.co.uk. December 23, 2002.

If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.

Alan Greenspan
Moving, Together, Gold

Gold, unlike all other commodities, is a currency...and the major thrust in the demand for gold is not for jewelry. It's not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.

Alan Greenspan
Gold, Paper, Demand

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable.

Alan Greenspan
Freedom, Issues, Gold
Ayn Rand, Nathaniel Branden, Alan Greenspan, Robert Hessen (1986). “Capitalism: The Unknown Ideal”, p.89, Penguin

Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.

Alan Greenspan
Gold, Derivatives, Commodity
Alan Greenspan's Testimony Before the Committee on Banking and Financial Services, U.S. House of Representatives, www.federalreserve.gov. July 24, 1998.

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